Economy
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
November 17, 2020
Gold prices take another dive in Egyptian market, 21-karat falls LE5 to LE818
Gold prices dropped agian in Egypt on Tuesday, as the price of 21-karat gold (the market’s highest selling gold) fell…
Egypt’s central bank cuts interest rates by 50 basis points
November 13, 2020
Egypt’s central bank cuts interest rates by 50 basis points
Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
Egypt’s debt declines to 78 percent in June 2020: Minister
November 11, 2020
Egypt’s debt declines to 78 percent in June 2020: Minister
Minister of Finance Mohamed Maait on Wednesday announced that Egypt’s debt declined to 78 percent in June 2020 and 90.2…
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
November 11, 2020
Egypt, World Bank agree to invest US$450 mn to battle coronavirus
Egyptian Minister of International Cooperation Rania al-Mashat and the World Bank on Tuesday has agreed to invest US$450 million to…
Egypt’s headline inflation quickens to 4.5% in October
November 10, 2020
Egypt’s headline inflation quickens to 4.5% in October
Egypt’s annual urban consumer price inflation rose to 4.5 percent in October from 3.7 percent in September, official statistics agency…
Gold prices rise again after Monday’s unprecedented decline
November 10, 2020
Gold prices rise again after Monday’s unprecedented decline
After a historic drop of LE38 on Monday, the price of gold rose again Tuesday morning, recording an increase of…
FEC: Egyptian food exports up 2 percent this year
November 9, 2020
FEC: Egyptian food exports up 2 percent this year
The Food Export Council (FEC) in Egypt announced on Monday that the country’s processed food exports from January to September…
Egypt’s credit rating maintains stable outlook: Standard and Poor’s
November 7, 2020
Egypt’s credit rating maintains stable outlook: Standard and Poor’s
Standard and Poor’s (S&P) has kept Egypt’s credit rating in domestic and hard currencies at level B, maintaining a stable…
Egypt plans LE2.86 bn investments for Luxor during 2020/2021
November 7, 2020
Egypt plans LE2.86 bn investments for Luxor during 2020/2021
Luxor will see 174 development projects with a total public investment of LE2.86 billion as part of the country’s investment…
Minister of Trade witnesses signing of contracts to combat irregular immigration
November 3, 2020
Minister of Trade witnesses signing of contracts to combat irregular immigration
Minister of Trade and Industry and Executive Director of the Micro, Small and Medium Enterprise Development Agency (MSMEDA) Nevine Gamea…